CO HB1249

Landlords must return security deposits within 30 days (changed from "one month") after lease termination or surrender of premises, with a written statement explaining any deductions and supporting documentation such as photographs, receipts, or invoices

Security deposits may only be retained for nonpayment of rent, unpaid utilities, other lawful lease charges, or repair costs for damage exceeding normal wear and tear that did not preexist the tenancy

Tenants may request a walk-through inspection before lease termination to identify damage beyond normal wear and tear, conducted either in-person or via telecommunication

Landlords who wrongfully withhold deposits face treble damages plus attorney fees and court costs; retention of 125% or more of actual damages creates a presumption of unreasonable withholding

Carpet replacement deductions require substantial and irreparable damage, and carpet over 10 years old cannot be deemed substantially damaged; interior painting deductions require substantial damage throughout the entire unit